In Canada, the British Columbia Securities Commission has taken control over the troubled Einstein Exchange, which owes over $12 million to users. At the end of October, Einstein announced that it would suspend services in the coming months, but the government agency seized the company before those plans could be implemented.
According to a published study which looked at job postings on the site, Indeed.com, the number of crypto job offers increased by 1,457% in the period from September of 2015 through September 2019. Searches for crypto-related work by jobseekers increased by 469% over the same period. According to the survey, the top 5 in-demand positions in the crypto economy are all for coders. Deloitte, IBM, and Accenture were the top 3 recruiters in the study.
The payments company founded by Twitter co-founder Jack Dorsey, released its earnings results, reporting revenues of $1.27 billion in the third quarter of 2019. Square processed $148 million in bitcoin sales and the number of first-time bitcoin buyers has approximately doubled according to its third quarter investor letter.
The North African nation of Tunisia announced that it will soon release a fiatcoin tied to its currency, the Dinar. The Central Bank of Tunisia tested the currency by sending one dinar in value to an IMF representative. Citizens will soon be able to use the E-dinar to save or make payments. The Tunisian central bank wants to use it for international transfer in lieu of the US Dollar or SWIFT system.
That’s what happened this week in Bitcoin. See you next week.